Samsung E&A Target Price Raised to 61,000 Won by Shinhan Securities on Growth Outlook

According to Shinhan Investment Securities analyst Kim Jin-beom, the firm raised Samsung E&A's target price to 61,000 won on July 27, up 74% from the previous 35,000 won, citing accelerating growth in advanced materials and new energy businesses coupled with increased investment from Samsung Group. The analyst maintained a buy rating, projecting that Samsung E&A's advanced materials segment, which posted 838 billion won in Q2 revenue (up 45.9% quarter-over-quarter), and new energy division, which recorded 698.1 billion won in Q2 sales (up 146.3% year-over-year), will continue driving margin expansion and order growth.
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